Stocks start New Year with positive nod

Stocks start New Year with positive nod
Published : 01 Jan 2019, 18:52:54
Stocks start New Year with positive nod
bbarta desk
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Stock markets opened on Tuesday with positive nod since investors found positive stance after the massive victory of the Awami League (AL) led grand alliance in the 11th parliamentary election.
In the election, the AL-led grand alliance secured 288 seats, while Jatiya Oikyafront and its key component BNP bagged seven.
The major rising sectors were textile, pharmaceuticals and chemicals, fuel and power and insurance. A total of 193 securities of the large-cap group moved up due on higher activities.
The broader DSEX index of the DSE closed the session with 79.61 points up at 5,465.25. The Shariah DSES and the blue-chip DS30 also followed the same
trend with 12.98 points up at 1,245.80 and with 27.41 point down at 1,908.20.
The daily volume of shares increased to 15.30 crore from Thursday’s 13.78 crore shares. But the daily turnover in value at DSE declined to Taka 530.17
crore from Taka 538.34 crore of the previous session.
At DSE, out of the day’s 341 traded issues, price of 264 securities closed higher against 54 losing issues.
The major gaining issues were MLDYEING, IBP, KPCL, JMISMDL and Paramount. The major losing issues were National Life Insurance, Monnno Stafflers,
KEYACOSMET, Jamuna Oil and Green Delta.
BBS Cables topped the turnover leaders followed by PTL, Beximco, Ifad Autos and KPCL.
The Chittagong Stock Exchange (CSE) closed the day of the week with upward trend with its major CASPI 281.30 points up at 16,730.81.
At CSE, 248 issues were traded. Of those, 198 closed higher and 39 closed lower when 1.07 crore shares worth Taka 24.49 crore changed hands.-BSS

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